Trump announces planned tariffs on six more nations ahead of August 1 deadline , President Trump fired off another round of tariff letters to seven countries Wednesday, giving notice that the US will ramp up levies on their exports if they don’t reach a trade deal with Washington by Aug. 1.
Trump warned the Philippines that it will face a 20% tariff rate, Brunei and Moldova a 25% rate, and Algeria, Iraq, Libya and Sri Lanka a 30% rate unless an agreement gets done.
“It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters President Trump holding a chart of reciprocal tariffs.
President Trump delivers remarks on tariffs in the Rose Garden at the White House on April 2, 2025.
“Please understand,” the president went on, “that these Tariffs are necessary to correct the many years of Tariff, and Non-Tariff, Policies and Trade Barriers, causing these unsustainable Trade Deficits against the United States
“This [trade] Deficit is a major threat to our Economy and, indeed, our National Security!”
Most of the tariff rates Trump dangled closely mirrored the figures he rolled out in his April 2 “Liberation Day” announcement, in which he unveiled customized levies against almost every country in the world.
A week later, on April 9, Trump delayed the “Liberation Day” tariffs for 90 days, before revising the deadline to Aug. 1. However, he left a 10% baseline rate on all imports and other tariffs in place.
